Another combo would be to use Barrel Behind the Door
The card's got a bit more versatility and can be used with destruction ring to deal 2000 damage while taking 0.
I'm not sure the triggers in that chain activate properly for what you proposed. They would all have to act on the same initial damage at the same time and I don't know if it can work like that. Assuming it did work they would each do 700 since if they are chained together they can't be in the grave, and they would need to be chained together in order to act on that damage. So they either each act on different damages, or they all act on the same damage and none are in the grave.
So assuming it's possible, the top-out damage is 3100 that costs four traps, one monster, and 1000 life points. Not actually that great. Especially when you compare with the above combo. 2000 damage for 1 tribute monster and 2 traps. This makes the above combo more efficient as you have as much chance without searching of having 2 wheel of destructions and 2 barrel behind the doors as having 1 wheel of destruction and three attack and receives. If you activated them all at once it would cost you 2 monsters and would deal 4000.